Remark Holdings, Inc. (NASDAQ:MARK – Get Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.51 and traded as low as $0.46. Remark shares last traded at $0.50, with a volume of 2,803,556 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Remark in a report on Sunday, February 4th. They set a “sell” rating on the stock.
Remark Stock Performance
Remark (NASDAQ:MARK – Get Free Report) last issued its quarterly earnings data on Monday, November 20th. The information services provider reported ($0.39) EPS for the quarter. The firm had revenue of $0.18 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MARK. Virtu Financial LLC purchased a new position in shares of Remark during the 2nd quarter valued at approximately $25,000. UBS Group AG lifted its position in shares of Remark by 292.8% during the 1st quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock valued at $25,000 after buying an additional 21,960 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Remark during the 1st quarter valued at approximately $35,000. Cannell & Co. lifted its position in shares of Remark by 44.3% during the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after buying an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Remark by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock valued at $244,000 after buying an additional 131,348 shares in the last quarter. Hedge funds and other institutional investors own 8.44% of the company’s stock.
Remark Company Profile
Remark Holdings, Inc primarily focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. It operates a data and AI software platform that offers AI-based computer vision products, computing devices, and software-as-a-service solutions; and Smart Safety Platform, a software solution that uses computer vision to detect persons, objects, and behavior in video feeds, as well as provides Remark AI Thermal kits and rPad products and services.
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